Advance rulings: facilitating trade while promoting compliance
United States Customs and Border Protection (CBP)
WCO News, World Customs Organisation, 93, October 2020
October 31, 2020
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Photo from WCO News Journal
Advance rulings relating to the determination of tariff classification and origin of goods are already established in several countries, but few have implemented such a system in the field of Customs valuation. Such rulings do not determine or confirm the actual Customs value of a particular consignment but indicate the treatment to apply to certain elements of the Customs value. In this article, US Customs and Border Protection (CBP) explains the processes and procedures relating to this powerful trade facilitation tool which benefits both the administration and trade operators.
- Тема: valuation
- Рынок: Global
- Издатель: World Customs Organisation